Cetera Investment Advisers Purchases 11,012 Shares of Brixmor Property Group Inc. $BRX

Cetera Investment Advisers boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 19.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 66,248 shares of the real estate investment trust’s stock after purchasing an additional 11,012 shares during the period. Cetera Investment Advisers’ holdings in Brixmor Property Group were worth $1,725,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Creative Planning grew its holdings in shares of Brixmor Property Group by 8.2% during the second quarter. Creative Planning now owns 17,703 shares of the real estate investment trust’s stock valued at $461,000 after buying an additional 1,348 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Brixmor Property Group by 3.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 177,267 shares of the real estate investment trust’s stock worth $4,616,000 after acquiring an additional 6,722 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Brixmor Property Group by 3.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after acquiring an additional 272,616 shares in the last quarter. Davis Selected Advisers boosted its stake in Brixmor Property Group by 2.9% during the 2nd quarter. Davis Selected Advisers now owns 498,390 shares of the real estate investment trust’s stock valued at $12,978,000 after purchasing an additional 14,030 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Brixmor Property Group by 5.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 116,184 shares of the real estate investment trust’s stock worth $3,025,000 after purchasing an additional 5,757 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the sale, the insider owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Brixmor Property Group Stock Performance

BRX opened at $26.14 on Monday. The company’s 50 day moving average is $26.83 and its 200 day moving average is $26.49. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.43 and a beta of 1.10. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.52.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be given a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 4.7%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. Brixmor Property Group’s dividend payout ratio (DPR) is presently 105.50%.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research analyst reports. Wells Fargo & Company assumed coverage on Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price for the company. Scotiabank dropped their price target on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Evercore ISI lifted their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average target price of $30.45.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.